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-Public ,Finance ,Initiative
Public finance initiative is a form of Pubic private partnership procurement model (PPP) develop by government
It provides the public and private sectors join to design ,build or refurbish ,finance and operate new or improved facilities and service to general public.
In general the private finance initiative model the private sector in similar to the (BOO mode) build, own and operates a facility.
However ,the public sector (unlike the users in a BOO model) purchase the services from the private sector through a long term agreement
The private bidder is compensated with fixed semi annual payments for his investments in the project.
Public Finance Initiative model has been used also for developing social infrastructure such as school and hospital buildings, which do not generate direct “revenues”
In the Public Finance Initiative model asset ownership at the end of contract period may or may not be transferred to public sector.
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